No longer on the market
This property is no longer on the market
MapLand
Auction
Land
Key information
Features and description
Guide Price = £5,000 +
*For Sale By Online PublicAuction . To inspect the legal documents for this property go to our website to download the legal pack*
Overage Rights on A Former Quarry Site of Approximately 10.6 Acres
Tenure
Overage Rights Over The Land (Not Ownership of The Land)
Location
Lower Vern Quarry comprises some 10.6 acres strategically located some 8 miles from Hereford City and 7 miles from Leominster. The site benefits from its own access to the highway with the remaining 8.5 acres forming part of the initial quarry and potential landfill site.
Description
The property comprises overage rights on a former quarry site of approximately 10.6 Acres.
Note
The site area depicted within the plan in the auction particulars is for indicative purposes only. Additionally, any measurements stated may not be exact. Some or all of the plot may comprise adopted highway land and if the site has trees, there may be Tree Preservation Orders in place. Buyers should rely on their own enquiries with regard to precise measurements, any consents or rights over the land and any possible development potential or alternative uses for this site.
The site benefits from its own access to the highway with the remaining 8.5 acres forming part of the initial quarry and potential landfill site. We have been advised that in the 1960s the property was owned by British Rail who extracted some 200,000m of clay for the construction of the railway line. More recently the site has been utilised for gravel extractions and it is understood that there is an estimated 150,000 tonnes of extractable gravel remaining on the site and therefore creating a landfill void opportunity of some 350,000cubic metres.
Prospective buyers are deemed to rely on their own enquiries.
Note
PlanningThis lot comprises certain overage rights relative to the former Lower Vern Quarry which may have potential for further extraction (subject to obtaining all necessary consents). The seller has advised that the site is considered suitable for further gravel/mineral extraction followed by a restoration plan, which would involve landfill possibly of a newer material. Such a development would require planning permissions together with environment agency licences etc. and upon granting of these planning permissions the beneficiary of the overage provision shall be entitled to 20% of the increase in land value. This overage provision lasts for 80 years from December 2011 and includes the right for the beneficiary of the overage provision to instigate their own planning permission and therefore benefit from 20% of the increase in land value as a result of planning permission being granted. Please refer to the legal pack for more information.
Open Site
*For Sale By Online PublicAuction . To inspect the legal documents for this property go to our website to download the legal pack*
Overage Rights on A Former Quarry Site of Approximately 10.6 Acres
Tenure
Overage Rights Over The Land (Not Ownership of The Land)
Location
Lower Vern Quarry comprises some 10.6 acres strategically located some 8 miles from Hereford City and 7 miles from Leominster. The site benefits from its own access to the highway with the remaining 8.5 acres forming part of the initial quarry and potential landfill site.
Description
The property comprises overage rights on a former quarry site of approximately 10.6 Acres.
Note
The site area depicted within the plan in the auction particulars is for indicative purposes only. Additionally, any measurements stated may not be exact. Some or all of the plot may comprise adopted highway land and if the site has trees, there may be Tree Preservation Orders in place. Buyers should rely on their own enquiries with regard to precise measurements, any consents or rights over the land and any possible development potential or alternative uses for this site.
The site benefits from its own access to the highway with the remaining 8.5 acres forming part of the initial quarry and potential landfill site. We have been advised that in the 1960s the property was owned by British Rail who extracted some 200,000m of clay for the construction of the railway line. More recently the site has been utilised for gravel extractions and it is understood that there is an estimated 150,000 tonnes of extractable gravel remaining on the site and therefore creating a landfill void opportunity of some 350,000cubic metres.
Prospective buyers are deemed to rely on their own enquiries.
Note
PlanningThis lot comprises certain overage rights relative to the former Lower Vern Quarry which may have potential for further extraction (subject to obtaining all necessary consents). The seller has advised that the site is considered suitable for further gravel/mineral extraction followed by a restoration plan, which would involve landfill possibly of a newer material. Such a development would require planning permissions together with environment agency licences etc. and upon granting of these planning permissions the beneficiary of the overage provision shall be entitled to 20% of the increase in land value. This overage provision lasts for 80 years from December 2011 and includes the right for the beneficiary of the overage provision to instigate their own planning permission and therefore benefit from 20% of the increase in land value as a result of planning permission being granted. Please refer to the legal pack for more information.
Open Site
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Auction House London is the largest branch of the Auction House UK brand. Auction House holds more auctions annually than any other firm of auctioneers in the UK and sold 4,957 properties throughout 2018 – over 1,000 properties more than our closest rivals. Co-founded by Andrew Binstock and Jamie Royston in 2011, Auction House London has grown year on year in its relatively short history to become one of the top 5 residential property auctioneers in the UK. We adopt a modern and dynamic approach to offering high quality auction facilities to both corporate and independent sellers and buyers. We firmly believe in the importance of extensive online marketing campaigns in addition to the traditional offline methods. Our forward thinking approach to auctions has been regularly applauded and we are very proud to be recognised as offering extremely high levels of customer service to all of our clients. With a proven track record in residential and commercial investments and property auctions, the team offers a fresh and energetic approach to their auctions, providing a quality service that achieves the right results for all parties.